https://www.taxtmi.com/caselaws?id=153603 The Tribunal rejected the appeal against the order disallowing Cenvat credit on capital goods under Rule 6(4) of the Cenvat Credit Rules, 2004. The appellants, claiming exemption under Notification No. 30/04-C.E., were denied the credit as they had received capital goods after availing full exemption. The Tribunal emphasized that eligibility for credit is determined at the date of receipt of capital goods, irrespective of future intentions. While the demand for duty and interest was upheld, the penalty was set aside as the case involved legal interpretation rather than intentional wrongdoing. en-us Tue, 29 Sep 2009 00:00:00 +0530 Thu, 25 Jul 2013 16:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153603 The Tribunal rejected the appeal against the order disallowing Cenvat credit on capital goods under Rule 6(4) of the Cenvat Credit Rules, 2004. The appellants, claiming exemption under Notification No. 30/04-C.E., were denied the credit as they had received capital goods after availing full exemption. The Tribunal emphasized that eligibility for credit is determined at the date of receipt of capital goods, irrespective of future intentions. While the demand for duty and interest was upheld, the penalty was set aside as the case involved legal interpretation rather than intentional wrongdoing. Case-Laws Central Excise Tue, 29 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153603